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Need thoughts abt CAD/ USD rate

I would like to know you guys thoughts / source of information about CAD / USD rate.
Here is the scope.
2008  Nov 10 to 2009  Dec 30.
What will be the CAD rate on each week?
If you know any of good information source in this subject please update.
Like to know if there is any good prediction site.
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CadGuy1
Asked:
CadGuy1
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4 Solutions
 
b0lsc0ttCommented:
CadGuy1,

That would be nice to know. :)  With the way the US and global economies are right now I wouldn't stake my life (or anything very valuable) on ANY prediction.

The futures market will be a place I would look but, if I remember right, futures on exchange rates can be one the more volatile and unpredictable markets.  With so many factors it is just hard to predict reliably, especially 1 year in advance.

Those are my thoughts but this definitely isn't my main field.  Let me know if you have any questions or how this helps.

b0lsc0tt
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CadGuy1Author Commented:
Very good approach b0lsc0tt! Thanks.
This is an important matter since I am involving with Forex CAD / USD.
I understand that the market is unpredictable. But wonder if there is any worth information can be found in the internet. I think there should be some good researches regarding this subject?
I like to know some more thoughts! With more thoughts, I will increase the points for this question as well!
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CadGuy1Author Commented:
Any thoughts guys?
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RDAdamsCommented:
I would agree with what has already been stated.  The volatility of the world economics at the moment are too difficult and a prediction could be totally wrong.  I wouldn't place any stake in a prediction for now or even the next eighteen months.
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b0lsc0ttCommented:
CadGuy1,
Sorry I have not been able to respond and provide the extra info.  I am glad my comment helped.  I do appreciate the offer to raise the points but I just don't have those details easily available.  I know there is a lot of worthwhile info on this topic.  My concern or doubt is how much is on the Internet, especially free.  In cases where you just have to get the info those sources can be very helpful.  Sorry I don't have more details though and don't have time to even try to find them for a few days.  From my experience the stuff that is freely available is just the statistics (and can often be old); the actual predictions have the cost.
For some general info on possible places with free info I would look at broker sites that offer trading in that market, news groups, forum, etc on trading, or publications like those at colleges.  Let me know how this helps.
bol
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CadGuy1Author Commented:
Hi Guys,

Thanks so much for replies.. I did increase the points again, as i am thinking to distribute every one who give good answers to this topic.

I am agree with both 'RDAdams' and 'b0lsc0tt'. Even we can't count on predictions.. i wonder if we can make any profit during this period by forex CAD / USD.

Sure b0lsc0tt, As u mentioned here i went through many broker sites and publications.. etc:

What u guys think about 'Ross Beck's Canadian Dollar Forecast' ?
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MaduKpCommented:
CadGuy1,

Answer to your question is not simple. How ever, as far as I see, CAD rate will be kept low for near months. If you are interest in Forex, the better thing is buying more CAD at this time. For sure, CAD will be increase when time pass...
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CadGuy1Author Commented:
Thanks Madukp. Any more thoughts? more points added!
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CadGuy1Author Commented:
Thanks All. It's time to close this question.
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b0lsc0ttCommented:
Your welcome!  I'm glad I could help.  Thanks for an interesting question, the grade and the points.  Good luck with your prediction.  Not the thing I would want to be trying to figure out now. :)
bol
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MaduKpCommented:
CadGuy1>> If you had taken my advice, i think you should be able to made a good profit :)
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